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BUYINS.NET: NYMT, PYTO, INTP, DGIF, ABFIQ, MTOGF Have Been Added To Naked Short List Today
Jan 06, 2009 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: New York Mortgage Trust Inc. (NASDAQ: NYMT), PhytoMedical Technologies Inc. (OTCBB: PYTO), Integrated Pharmaceuticals, Inc. (OTC: INTP), Digital Info Security Company (OTC: DGIF), American Business Financial Services Inc. (OTC: ABFIQ), Moto Goldmines Ltd (OTC: MTOGF). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
New York Mortgage Trust Inc. (NASDAQ: NYMT) together with its subsidiaries, operates as a real estate investment trust in the United States. The company engages in the investment and management of residential adjustable rate mortgage-backed securities issued by a government-sponsored enterprise of the U.S.; residential adjustable-rate mortgage loans; and non-agency mortgage-backed securities. New York Mortgage Trust has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent that it distributes at least 90% of its REIT taxable income to stockholders. The company was founded in 1989 and is headquartered in New York, New York. With 9.32 million shares outstanding and 700 shares declared short as of October 2008, there is a failure to deliver in shares of NYMT.
PhytoMedical Technologies Inc. (OTCBB: PYTO) operates as an early stage research-based biopharmaceutical company. It focuses on the identification, acquisition, development, and commercialization of pharmaceutical and nutraceutical compounds and formulations. The company has a research agreement with Iowa State University to synthesize the active compounds found in cinnamon and characterizes their beneficial health effects in cell cultures systems, animals, and humans. It also has a research agreement with Dartmouth College for synthesizing and testing a novel class of anti-cancer agents, which have a 'cytotoxic' or poisonous affinity for cancer cells. In adition, PhytoMedical Technologies entered into two development agreements with Ricerca BioSciences for the developmental work on its BDC-03 compound for cachexia. The company was founded in 1986 and is based in Princeton, New Jersey. With 200.4 million shares outstanding and 400 shares declared short as of October 2008, there is a failure to deliver in shares of PYTO. According to quarterly data provided by the SEC, there were still 1,948,294 shares of PYTO that were failing-to-deliver as of January 17, 2008.
Integrated Pharmaceuticals, Inc. (OTC: INTP) a development stage biotechnology company, engages in the development and production of specialty chemicals and nutraceuticals in the United States. It focuses on compounds and nutraceuticals that have proven therapeutic or nutritional value in humans, plants, and animals. The company also engages in the development of technologies for the production of clinically active pharmaceutical compounds, including active small molecules and recombinant DNA technology derived products. In addition, it offers calcium supplements that are used in soft drinks, coffee, tea, soup, dehydrated sauces, and beverages; and fortified bottled water. The company sells its products through distributors and retailers. Integrated Pharmaceuticals, Inc. was founded in 1998 and is based in Fitchburg, Massachusetts. With 47.05 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of INTP. According to quarterly data provided by the SEC, there were still 108,946 shares of INTP that were failing-to-deliver as of April 1, 2005.
Digital Info Security Company (OTC: DGIF) operates as an application service provider. The company provides hosted email archiving, email surveillance, spam filtering and virus protection, email conversion, encryption, instant message archiving, remote backup and restoration, colocation, blackberry hosting, and Web site hosting services. Its products and services include managed service provider, hosted or in-house solutions, blackberry and windows mobile solutions, contact management, pop3 hosting, exchange hosting, firewall management, online search and retrieval, disaster recovery, and industry specific solutions. Digital Info Security Company is based in Westminster, Colorado. With 106.15 million shares outstanding and 100 shares declared short as of October 2008, there is a failure to deliver in shares of DGIF. According to quarterly data provided by the SEC, there were still 158,423 shares of DGIF that were failing-to-deliver as of April 13, 2007.
American Business Financial Services Inc. (OTC: ABFIQ) together with its subsidiaries, operates as a financial services organization mainly in the eastern and central portions of the United States, as well as in the state of California. It originates, sells, and services home mortgage loans through its principal direct and indirect subsidiaries. The company was incorporated in 1985 and is based in Philadelphia, Pennsylvania. ABFS and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in January 2005. The company intends to wind down its operations and dispose of its assets through the Chapter 11 plan of liquidation. The bankruptcy court approved the sale of the company's servicing operations to Ocwen Federal Bank FSB for approximately $20 million in April 2005. With 3.60 million shares outstanding and 75,000 shares declared short as of October 2008, there is a failure to deliver in shares of ABFIQ. According to quarterly data provided by the SEC, there were still 70,514 shares of ABFIQ that were failing-to-deliver as of April 4, 2005.
Moto Goldmines Ltd (OTC: MTOGF) operates as an emerging gold producer. The company focuses on developing its key asset, a 70% interest in the Moto Gold project, which is one of the undeveloped gold deposits in Africa. The project is a joint venture between L'Office des Mines d'or de Kilo-Moto and Moto Goldmines. The Moto Gold Project covers an area of approximately 1,841 square kilometers in the north-east of the Democratic Republic of Congo (DRC) with total resources of approximately 21.5 million ounces. The project lies 150 kilometers west of Uganda with road access from Mombasa through to the Uganda-DRC border. The company conducted approximately 340,000 meters of drilling and is undertaking a 50,000 meter diamond drill program to develop and enhance the high grade underground resource. It also completed a feasibility study on a 400,000 ounce per annum project in December 2007 and an optimized start-up scenario incorporating a high grade underground mine in 2008. The company is headquartered in Perth, Australia. With 62.9 million shares outstanding and 106,800 shares declared short as of October 2008, there is a failure to deliver in shares of MTOGF. According to quarterly data provided by the SEC, there were still 5,001,000 shares of MTOGF that were failing-to-deliver as of January 14, 2008.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.buyins.net/squeezetrigger.pdf. The SqueezeTrigger database of nearly 2,350,000,000 short sale transactions goes back to January 1, 2005, and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005, because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET may receive compensation in cash or shares from independent third parties or from the companies mentioned.
BUYINS.NET affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Thomas Ronk.
BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.
CONTACT: Thomas Ronk, CEO, BUYINS.NET
Tel: +1 800 715 9999
e-mail: Tom@buyins.net
WWW: http://www.buyins.net
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
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